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get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white hou
get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create...
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and 53% say they trust president obama to avoid the fiscal cliff. compared to just 36% who trust republicans in congress. also today speaker boehner said he wouldn't rule out an agreement to raise taxes as part of a fiscal cliff deal. but he also said there's no progress. this is what winning looks like. joining me now, e.j. dionne and thank you both for your time. senator solis, the jobless rate is at a four-year low. that's quite an achievement. >> yes, reverend re. but we still need to do more. in sectors like retail and health care and tourism and hospitality. we need to do more because people are still suffering. we've got to put jobs back in infrastructure and construction and put our teachers. that's why the president is working so hard so we don't go off the fiscal cliff so we keep the most vulnerable people out of harm's way. to pay $2,200. we've got to talk about fairness here and i'm very excited that the public is listening to the message that the president has made very, very clear. >> 146,000 new private sector jobs last month but one
and 53% say they trust president obama to avoid the fiscal cliff. compared to just 36% who trust republicans in congress. also today speaker boehner said he wouldn't rule out an agreement to raise taxes as part of a fiscal cliff deal. but he also said there's no progress. this is what winning looks like. joining me now, e.j. dionne and thank you both for your time. senator solis, the jobless rate is at a four-year low. that's quite an achievement. >> yes, reverend re. but we still need to...
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i think if we do go off the cliff and recession, i think the fiscal cliff is completely unpredic unpredict-- predictable, especially with a fragile economy, the wall street and the corporate economists are deeply scared about it. that recession really would, you know, wreck his term because we would be obsessed with that for the next couple of years. and so i don't think it's a total walk for him but he clearly has the upper hand. and then there is just the sheer fact of the numbers. say they reach a compromise. i think the republicans are likely to cave on the rate and you close a few deductions. >> do you think they will. >> i do. >> because they are saying they are not going to cave. >> there is going to be no deal on that. they are to the going to go into january, as mark said, and say to the country, hey, we're going to raise your taxes but we have to serve the rich people. they're just not going to do that with the polls, so they're going to cave. they will not get up to 39% but they could get to 37. so say you get to 1.2 trillion in revenue. you still need spending cuts so the presi
i think if we do go off the cliff and recession, i think the fiscal cliff is completely unpredic unpredict-- predictable, especially with a fragile economy, the wall street and the corporate economists are deeply scared about it. that recession really would, you know, wreck his term because we would be obsessed with that for the next couple of years. and so i don't think it's a total walk for him but he clearly has the upper hand. and then there is just the sheer fact of the numbers. say they...
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if no agreement is reached on the fiscal cliff. this twenty five minute event took police at the veteran affair offices in washington, d.c. >>> thank you, tommy. first, let me thank secretary panetta for the unwavering support for the here at the va and the men and women who wear and have worn the uniform of the nation. our close partnership with the immediating we had -- meeting we had today on their behalf has never been more important as it is today. as we enter the holiday season i want to thank the men and whoim spend their holiday away from the families defending the nation. we're grateful for their the service and sacrifice. as we have discussed very little what we do here at va -- most of what we work on originated in dodd and that's why achieving our priorities at va requires the close and collaborative working relationship. we have more to do but with president obama's strong support and guidance we have brought the two departments closer together than ever before. we have underwritten joint vad. we began harmonizing our
if no agreement is reached on the fiscal cliff. this twenty five minute event took police at the veteran affair offices in washington, d.c. >>> thank you, tommy. first, let me thank secretary panetta for the unwavering support for the here at the va and the men and women who wear and have worn the uniform of the nation. our close partnership with the immediating we had -- meeting we had today on their behalf has never been more important as it is today. as we enter the holiday season i...
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. >>> also, the fiscal cliff. it's down to two people. everybody seems to agree, two people get in the room, the president and the leader of the opposition, john boehner, the speaker. they may be closer, some argue, to an agreement than we think. the question is can they sell the deal to their bases, to their fringies, left and right i must say. >>> plus, republicans say they would change after the lek and they are. guess what? they're changing the rules. some of them are proposing to republicans in pennsylvania and three other states obama won. they're trying to eliminate the winner take all system of awarding electoral votes. that way republicans could win electoral votes in states they lose. >>> new jersey governor chris christie finally meets his idol. the man he's seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those aff
. >>> also, the fiscal cliff. it's down to two people. everybody seems to agree, two people get in the room, the president and the leader of the opposition, john boehner, the speaker. they may be closer, some argue, to an agreement than we think. the question is can they sell the deal to their bases, to their fringies, left and right i must say. >>> plus, republicans say they would change after the lek and they are. guess what? they're changing the rules. some of them are...
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fiscal cliff even with the fiscal cliff. dave: you and i agree with it will take to get the economy growing stronger because we are like-minded with that. you don't like the economic policies the president is proposing. dozen there come a time when those economic policies to stifle the economy and strip it up? >> absolutely. when we look back in history 1970s had big growth in government and when you have big spending like we do today you get weaker growth. france for 40 years has grown numb to% real gdp and 8% unemployment. they think it is normal. the good news is america doesn't think it is normal and you have to keep pounding the table that this isn't normal. it is not good. so do i. the only way to get back up to good growth is to cut the size of the government. i still believe we have eight to ten years even on the crazy course we are on right now before we are anything like one of these european countries. this is still an amazingly powerful entrepreneurial place. i am betting on the entrepreneur and even though the g
fiscal cliff even with the fiscal cliff. dave: you and i agree with it will take to get the economy growing stronger because we are like-minded with that. you don't like the economic policies the president is proposing. dozen there come a time when those economic policies to stifle the economy and strip it up? >> absolutely. when we look back in history 1970s had big growth in government and when you have big spending like we do today you get weaker growth. france for 40 years has grown...
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and the fiscal cliff. james cheeks says he is counting on congress to prevent his taxes from going up. >> scary. you know, it's scary. where is that money going to come from, you know, how am i going to pay that extra tax hike. >> reporter: one booth over, ted and gus say they don't think congress can avoid the cliff. >> i hope so, but i don't see it yet. >> if we're going to have standoffs, have that do nothing congress, it is going to be awfully toug to get anything done. >> reporter: potential effects of the fiscal cliff in rock island, illinois aren't necessarily any better or worse than in other cities around the country. the bottom line is if congress fails to act, repercussions will be felt across the country. wolf? >> ted rowlands in rock island, illinois. >>> imagine being able to use your ipad, cell phone in the air whenever you want. up next, we have details on a new government effort under way now to keep you plugged in all the time, including on takeoff and landing, while flying. stand by. ♪
and the fiscal cliff. james cheeks says he is counting on congress to prevent his taxes from going up. >> scary. you know, it's scary. where is that money going to come from, you know, how am i going to pay that extra tax hike. >> reporter: one booth over, ted and gus say they don't think congress can avoid the cliff. >> i hope so, but i don't see it yet. >> if we're going to have standoffs, have that do nothing congress, it is going to be awfully toug to get anything...
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and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle class families and middle class earners the most. and so it really is -- i don't want to make this about class warfare. it's really about what is fiscally smart for the economy. most economists are telling us this tax increase will not have very much impact in terms of growth. if you talk about essentially raising taxes on 98% of americans either through some kind of crazy deduction plan or just letting the bush tax cuts go, that can have a very, very severe effect on the economy. >> as usual dr. peterson makes a superb point. president clinton used to say if you want to live like a republican,
and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle...
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cliff sometime soon. here's danielle nottingham with where both sides stand on this friday. >> 2, 1. >> reporter: before the first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the congress. >> reporter: with the clock ticking toward the fiscal cliff deadline, government workers have joined the push but they want to make sure they're not cut out of the deal. >> federal employees that i represent have offered up $103 billion to the federal deficit. >> reporter: jd cox of the american federatio
cliff sometime soon. here's danielle nottingham with where both sides stand on this friday. >> 2, 1. >> reporter: before the first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power...
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all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now, near the highs of the session at 13,003 and change. the nasdaq continues lower. you can blame apple. technology suffering as a result today, down 12 points right now at 2977. the s&p is up 2.25 points at 1416. with less than an hour to go in the trading week, another week without a deal to avoid going over the fiscal cliff. while today's positive jobs report did give markets a boost early on, it wasn't enough to get a significant rally going and to continue it on. so what's it going to take to get some conviction back in this market? >> that's in today's "closing bell" exchange. gentlemen, great to have you joining us here on "closing bell." i think bill pretty much cede it. what is it going to take to get conviction back in this market? i kind o
all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now, near the highs of the session at 13,003 and change. the nasdaq continues lower. you can blame apple. technology suffering as a result today, down 12 points right now at 2977. the s&p is up 2.25 points at...
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cliff. >> he said democrats are slow walking the economy to the fiscal cliff, yet, this is the same republican leadership that has the house in session barely a day. barely a full day this week. >> the fiscal cliff is the term that is given to a set of spending cuts and tax increases that will take effect in january if congress does not act to stop them. >>> investigators are trying to determine what happened before a football fan fell or jumped from the third deck at the oakland coliseum. he fell to the concourse during last night's broncos, raiders game and taken to the hospital with serious injuries. they called it an accident and it remains under investigation. >> the rails are like three to 4 feet. if you don't pay attention, you can fall. he fell yesterday. >> the raiders did issue a statement. the team had no information beyond what authorities are releasing. their thoughts and prayers are with the family and friends. >>> coming up in a few minutes, roger good dell will say where the raiders shall play in the future and who would pay to build a new stadium. >>> this couple ac
cliff. >> he said democrats are slow walking the economy to the fiscal cliff, yet, this is the same republican leadership that has the house in session barely a day. barely a full day this week. >> the fiscal cliff is the term that is given to a set of spending cuts and tax increases that will take effect in january if congress does not act to stop them. >>> investigators are trying to determine what happened before a football fan fell or jumped from the third deck at the...
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we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see people work. and try to get jobs. it is critical. >>shepard: what impact did super storm sandy? >>gerri: not so much. however, there were a million people that were working part time rather than full time and that is ascribed to hurricane sandy. normally you do not expect that. >>shepard: the matters went, so what. >>gerri: well, they saw that the 350,000 number and they thought they didn't like that and the market pulled back a little. we have had back-and-forth situation on that, starting off 74 up on the dow and now we are down. >>shepard: better than negative. >>gerri: better than negative. >>shepard: millions of american jobs potentially on the line if lawmakers do not get their act together. house of representatives speaker boehner says there is in progress in talks to avoid the
we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see people work. and try to get jobs. it is critical. >>shepard: what impact did super storm sandy? >>gerri: not so much. however, there were a million people that were working part time...
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it's not a fiscal cliff but a slope. it's a gradual one. >> stooe, it's not right on to talk about people when they're right there. have some manners. do it behind their back. really, it's got for morale. there's a study and everything. >> if you can't say something nice to something, come on over here and tell it to me. no worries, you're among friends here. it's "the cycle." >>> two big developments on the economic front. first the unemployment numbers for november came out and they were way better than expected. we added a net gain of 146,000 jobs and the unemployment rate dropped to 7.7%, the lowest in four years. to steal a little from krystal, it appears it's obama and boehner one on one. there's no i in team but there's one in win, which is why the fiscal slope negotiations are getting serious. we haven't heard yet from the president but have heard from speaker boehner. >> this isn't a progress report, because there's no progress to report. the white house has wasted another week. it's time for the president, if h
it's not a fiscal cliff but a slope. it's a gradual one. >> stooe, it's not right on to talk about people when they're right there. have some manners. do it behind their back. really, it's got for morale. there's a study and everything. >> if you can't say something nice to something, come on over here and tell it to me. no worries, you're among friends here. it's "the cycle." >>> two big developments on the economic front. first the unemployment numbers for...
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and he has been very involved in the fiscal cliff negotiations. and before he was a center, but before he was a senator, he was the governor of virginia. and steve case, chairman of the case foundation, a co-founder of america online, a rabbit twitterer -- and i feel like i know every detail of your life, steve, had a relentless proponent on entreneurship. each panelists get sick 5-7 minutes -- each panelist gets a five-seven minutes to discuss the topic, and we will have a conversation, and then we will open that up to you and hopefully get to all of your comments and questions. if we will start with president sullivan. >> thank you. i am delighted to be here this evening because the topic is important panelists are interesting, but also because this conference recognizes mort kaplan, a great benefactor of uva, and i am pleased to have the opportunity to speak on behalf of tonight. we're talking about immigration policy and the ability to extract high skilled immigrants. especially scientists, engineers, business people who contribute to innovati
and he has been very involved in the fiscal cliff negotiations. and before he was a center, but before he was a senator, he was the governor of virginia. and steve case, chairman of the case foundation, a co-founder of america online, a rabbit twitterer -- and i feel like i know every detail of your life, steve, had a relentless proponent on entreneurship. each panelists get sick 5-7 minutes -- each panelist gets a five-seven minutes to discuss the topic, and we will have a conversation, and...
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as we look at that fiscal cliff, what does that really do? it says government is going to spend less money, less money means less job training, less ways to get the unemployed back to work. that really says that we're probably going to be stuck with an unemployment problem for a long time. >> so avoiding a fiscal cliff doesn't necessarily mean getting people back to work? >> no, look, the economy is only growing by less than 2%. and when you got sub 2% growth, we're not going to be creating hundreds of thousands of jobs a month. that's what we need to see to see that unemployment rate come down and get us out of this hole. >> jill schlessinger from cbs money watch.com, thank you for joining us. appreciate it. >>> this week the air force is conducting a big sweep of work spaces. what are they looking for? well, they're looking for pictures of scantily clad women. yes. we'll explain. >>> and basketball legend kareem abdul-jabbar, the nba's all time leading scorer, joins me to talk about his own battle against a rare form of blood cancer. annou]
as we look at that fiscal cliff, what does that really do? it says government is going to spend less money, less money means less job training, less ways to get the unemployed back to work. that really says that we're probably going to be stuck with an unemployment problem for a long time. >> so avoiding a fiscal cliff doesn't necessarily mean getting people back to work? >> no, look, the economy is only growing by less than 2%. and when you got sub 2% growth, we're not going to be...
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the fiscal cliff is coming up. there are different factors that can move this market in the coming days. nicole: what if they just do not get it right or they come up with a plan that is not to anyone's likes on wall street? >> as each day goes on, we are getting little more bits and pieces of information that is leading that it will happen. do i think they will walk away from each other, i think smarter minds will prevail and understand the ramifications of a noncompliant outcome. nicole: all right. thank you so much, as always, for your insight. we have been trending higher. tracy: he did not even realize he quoted a paula abdul song. one step forward, two steps back. nicole: she said you quoted a paula abdul song stated don't even act like you are to young to remember it. we are the same age. ashley: the holiday season just got a little less for the season for ibm. >> merry christmas to you, too. if you work at ibm, the company matching the money that you put in and doing it over and over, they will do it at the
the fiscal cliff is coming up. there are different factors that can move this market in the coming days. nicole: what if they just do not get it right or they come up with a plan that is not to anyone's likes on wall street? >> as each day goes on, we are getting little more bits and pieces of information that is leading that it will happen. do i think they will walk away from each other, i think smarter minds will prevail and understand the ramifications of a noncompliant outcome....
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it's like fiscal cliff bungee jumping. i believe the odds are good that there'll be some sort of deal made. >> let's get into the longer-term deal which i think almost everyone agrees, entitlement reform and tax reform is going to take place in 2013 and maybe 14. it's a long process but just in the short term, can the republicans, can enough republicans while a win say we don't like it but we will have to go along for now whether it's 39.6% rate in comeback with the promise next year of trying to lower it and broaden the base? >> i would much prefer we do the kind of reform that i laid out in a bill a few weeks ago, not inking this bill would become law but this bill would show a path forward with $4.5 trillion in savings. i think that, in the event that the house feels that when they see that the senate is obviously controlled by the democratic party and the democratic president, he basically have a president, let's say without being too exhorted is a one trick pony. the rate has always been talked about and really nothin
it's like fiscal cliff bungee jumping. i believe the odds are good that there'll be some sort of deal made. >> let's get into the longer-term deal which i think almost everyone agrees, entitlement reform and tax reform is going to take place in 2013 and maybe 14. it's a long process but just in the short term, can the republicans, can enough republicans while a win say we don't like it but we will have to go along for now whether it's 39.6% rate in comeback with the promise next year of...
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we've had sandy, and we have all of this debate going on over the fiscal cliff, that's driving us all crazy, right? >> yes, it is. >> and what it's also doing is that it has gotten the corporate seblgtor in a position where they're not vin investing. they're waiting to see what's happening. nonetheless, we're still creating jobs. if you take into consideration the fact that we have those things, those neglect factors in at the same time regenerating jobs, and that means that there's a significant potential for the economy to grow. >> is it possible that this whole debate and the fiscal cliff, whether or not we go over it or not, would bakt how many people are working the next year? >> it will definitely impact, but i think what the numbers are telling us and what we've seen for the last couple of months is that the affect will not be as great as most people are predicting. you know, we kind of got this y2k kifr syndrome that's going on. it will certainly have an affect, but it also means that we can -- we're in a position to really craft a real comprehensive way to -- >> are these goo
we've had sandy, and we have all of this debate going on over the fiscal cliff, that's driving us all crazy, right? >> yes, it is. >> and what it's also doing is that it has gotten the corporate seblgtor in a position where they're not vin investing. they're waiting to see what's happening. nonetheless, we're still creating jobs. if you take into consideration the fact that we have those things, those neglect factors in at the same time regenerating jobs, and that means that there's...
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concerned about the fiscal cliff. the new ford fusion model is being recalled for the second time in two weeks. were calling within 19,000 of its 2013 sudan's in the u.s. to replace faulty headlamps. the fusion and escape were recalled last year for a potential defect that could cause engine fire. credit card debt continues to be a top worry. many people are just simply using them less. many people plan to charge less than $500 this holiday season. that is the latest from the fox business network. giving you the power to prosper. ♪ can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially the who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical con
concerned about the fiscal cliff. the new ford fusion model is being recalled for the second time in two weeks. were calling within 19,000 of its 2013 sudan's in the u.s. to replace faulty headlamps. the fusion and escape were recalled last year for a potential defect that could cause engine fire. credit card debt continues to be a top worry. many people are just simply using them less. many people plan to charge less than $500 this holiday season. that is the latest from the fox business...
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fiscal cliff definitely weighing on things. despite the fact that the jobs number came in strong today. >> sure. uncertainty can hit us at all different levels. thank you. i just want to do one thing before we go to break. check the market again. i think as we went to alison, around 13.8. somewhere around there. we just jumped a point. how about that. we are not in exact real-time but pretty close. a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin,
fiscal cliff definitely weighing on things. despite the fact that the jobs number came in strong today. >> sure. uncertainty can hit us at all different levels. thank you. i just want to do one thing before we go to break. check the market again. i think as we went to alison, around 13.8. somewhere around there. we just jumped a point. how about that. we are not in exact real-time but pretty close. a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ]...
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the timing is interesting, obviously, just as we're learning that fiscal cliff negotiations are now a party of two, the president and the speaker. the "new york times" reporting that house speaker john boehner wants to speak only to president obama out of public view. though we've just learned that boehner is holding a news conference at 11:00 this morning eastern time. the fight, though, still very public. vice president joe biden is meeting with a middle class family. and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the president's leverage? >> i think they do. the big thing is the election. but the jobs numbers suggest that the economy is doing well and it cuts
the timing is interesting, obviously, just as we're learning that fiscal cliff negotiations are now a party of two, the president and the speaker. the "new york times" reporting that house speaker john boehner wants to speak only to president obama out of public view. though we've just learned that boehner is holding a news conference at 11:00 this morning eastern time. the fight, though, still very public. vice president joe biden is meeting with a middle class family. and yesterday...
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now, economists say these numbers are huge for fiscal cliff negotiations. they back president obama's argument that the economy is doing well enough to handle attack -- handle a tax hike for wealthier americans. >> the fact that this this report is strong, i think puts a little bit of wind in his sails. >> reporter: john boehner is holding a news conference here on capitol hill. he's now lead -- he's now leading the negotiations with president obama. we will show -- we will show you -- tell you what he has to say coming up next hour. >>> starting next year, apple will start making some of its products here in the u.s. apple's ceo tim cook says one of its manufacturing operations will be moved here from china. it's not clear where that assembly plant will be. that announcement comes as criticism is mounting. >>> well, clorox corporation has a deal with a san diego- based investor to sell its headquarters building in downtown san diego. west core properties agreed to buy the 24-story building on broadway. the terms of the deal, that has not been disclosed. bu
now, economists say these numbers are huge for fiscal cliff negotiations. they back president obama's argument that the economy is doing well enough to handle attack -- handle a tax hike for wealthier americans. >> the fact that this this report is strong, i think puts a little bit of wind in his sails. >> reporter: john boehner is holding a news conference here on capitol hill. he's now lead -- he's now leading the negotiations with president obama. we will show -- we will show you...
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and the fiscal cliff countdown. 25 days now. >> absolutely. >>> let's get right to the breaking news out of japan overnight. the powerful earthquake, shaking up the country. sam has been tracking it all. and joins us now with the very latest. sam? >> just imagine how frightening that night and morning was. we're talking about friday by the time we get to japan. a 7.3 earthquake kicks off the northern east coast of japan. if this coastline looks very familiar to you, it's because just last year there was a 9.0 quake there. that's the one that triggered not only the earthquake -- but the tsunami and then the nuclear disaster in fukushima. to compare the two, this one is much, much weaker. this sent a wall of water towards the coastline. but this one did trigger a tsunami warning. at points, there was a six-foot tsunami expected. actually, a three-foot wave, wall of water did work along the coastline. the tsunami warnings are canceled right now. let me show you all of the video coming out. this is from sendai. you realize, you see the buildings shaking, this is more than 200 miles away
and the fiscal cliff countdown. 25 days now. >> absolutely. >>> let's get right to the breaking news out of japan overnight. the powerful earthquake, shaking up the country. sam has been tracking it all. and joins us now with the very latest. sam? >> just imagine how frightening that night and morning was. we're talking about friday by the time we get to japan. a 7.3 earthquake kicks off the northern east coast of japan. if this coastline looks very familiar to you, it's...
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. >> we have the fiscal cliff coming up in a few weeks. the dow is up at 13,094. we're watching apple shares because they became lord a gang. they dropped 15% in the last three months. apple shares have been trading under 600. we will be right back. line welcome back it is 7:40 a.m. periods >> with the holiday in full swing, here are some great ways to get the entire family out and into the holiday spirit in today's bay area arts and entertainment report. >> san francisco ballots sparkling production of the nutcracker is set in our own city by the bay, introducing audiences of all ages to the wonderful world of ballet. this holiday season, experienced the beauty of s f bellay's international cast of world class dancers in the nutcracker, a san francisco tradition since 1944. >> the san francisco ballet is a nutcracker starts this weekend ann plays through december 28th at the war memorial opera house on van ness ave. tickets start as low as $20 for some shows. others at $35. >> lights! camera! action! if this is your casting call for the 2012 dance along nutcracke
. >> we have the fiscal cliff coming up in a few weeks. the dow is up at 13,094. we're watching apple shares because they became lord a gang. they dropped 15% in the last three months. apple shares have been trading under 600. we will be right back. line welcome back it is 7:40 a.m. periods >> with the holiday in full swing, here are some great ways to get the entire family out and into the holiday spirit in today's bay area arts and entertainment report. >> san francisco...
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>> two words, fiscal cliff. we are absolutely frozen because we don't know what is going to happen come an end of the year and i'm afraid. we started to hear chatter about the government might just think this embolden them. the economy can handle as going over the cliff which is absolutely crazy but that is what we are starting to talk about down here. here we go again. that is why nothing is moving. stuart: merry christmas in chicago, we do appreciate it. see you again soon. major blow to unions in one of the biggest union state in the country. protests at the state capitol in michigan after the state legislator passed right to work laws. the governor says he is going to sign it putting michigan on track to become a right to work state. the unions absolutely furious. listen to this. [chanting] stuart: when you heard it before and heard it again. vincent the new geo of the center for public policy is in michigan. let me get things real straight here. if you have a right to work state, membership in the unionn be
>> two words, fiscal cliff. we are absolutely frozen because we don't know what is going to happen come an end of the year and i'm afraid. we started to hear chatter about the government might just think this embolden them. the economy can handle as going over the cliff which is absolutely crazy but that is what we are starting to talk about down here. here we go again. that is why nothing is moving. stuart: merry christmas in chicago, we do appreciate it. see you again soon. major blow...
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cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion.
cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a...
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the jobs report comes on the heels of the ongoing fiscal cliff debate. economists estimate 200,000 fewer jobs have been created this year due to uncertainty over the fiscal cliff. aides to president obama and speaker boehner met yesterday afternoon, but that meeting ended with no signs of progress. stay with abc7 morning news, 6:30 the opening bell live from the new york stock exchange. 6:45 live to jane king for an update. >>> in a few hours pearl harbor survivors as well as military and coast guard veterans will place a wreath in alameda to mark the 71st anniversary of the japanese attack on the pearl harbor base in hawaii. it will be followed by a 20 within gun salute. more than 2400 americans died when the japanese bombed pearl harbor in a surprise attack december 7th, 1941. the attack helped usher the u.s. into world war ii. 3:45 in afternoon sons and daughters of survivors will attend the 48th annual beacon lighting in honor of pearl harbor day. >>> the iphone is likely coming to t-mobile in the new year, the company says it will add apple products
the jobs report comes on the heels of the ongoing fiscal cliff debate. economists estimate 200,000 fewer jobs have been created this year due to uncertainty over the fiscal cliff. aides to president obama and speaker boehner met yesterday afternoon, but that meeting ended with no signs of progress. stay with abc7 morning news, 6:30 the opening bell live from the new york stock exchange. 6:45 live to jane king for an update. >>> in a few hours pearl harbor survivors as well as military...
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so, what will that do to the fiscal cliff debate? >>> the tea party's favorite senator is
so, what will that do to the fiscal cliff debate? >>> the tea party's favorite senator is
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higher close for stocks yesterday on signs of possible progress in the fiscal cliff negotiations. netflix ceo in the hot seat saying the company's online viewing exceeded a billion hours in june for the first time. posting on facebook does not qualify as the fair public disclosure of information publicly traded companies are supposed to give. if you have a student loan it may get easier to pay it back. the program -- allows students who started taking loans after october 1st, 2007 to plead financial hard ship and limit payments and have the loans forgiven after 20 years. do have you old appliances that need replacing? the so-called consumer durable goods owned by americans are the oldest in nearly half a century. research says that could mean a big spending spree is on the way that could stimulate the u.s. economy. at the new york stock exchange, i'm jane king. >>> attempted jail break didn't go as planned. left screaming for help after he got stuck halfway through a wall. firefighters came to his aid. the 28-year-old had followed a fellow inmate, probably a skinnier one. official
higher close for stocks yesterday on signs of possible progress in the fiscal cliff negotiations. netflix ceo in the hot seat saying the company's online viewing exceeded a billion hours in june for the first time. posting on facebook does not qualify as the fair public disclosure of information publicly traded companies are supposed to give. if you have a student loan it may get easier to pay it back. the program -- allows students who started taking loans after october 1st, 2007 to plead...
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. >>> to reach an agreement on a plan to avoid the fiscal cliff. financial experts were on capitol hill yesterday to talk about the negative impacts if the automatic tax increases and spending cuts happen on january 1st. president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the right direction. >>> the san diego zoo two new additions. they're 14 week old clouded leopard cubs and their adorable. they are brothers and playful. they like to pounce on each other and climb and use each other as trampolines. they arrived earlier from the nashville view where there's a successful breeding program saying hello for the endangering expertise. they are adorable but grow into big guys. >> you want to take them home until they get really big. >> and send them back to the zoo. >> it's 5:20 hoping to stop the slide. did the raiders beat the broncos in oak
. >>> to reach an agreement on a plan to avoid the fiscal cliff. financial experts were on capitol hill yesterday to talk about the negative impacts if the automatic tax increases and spending cuts happen on january 1st. president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the...
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. >>> they are looking for a plan to a void the fiscal cliff. congressmen were on capitol hill talking about a negative impact in the spending cuts kick in january 1st. president obama failed a visit to a northern virginia family -- had a visit to a northern virginia family that that would affect if that happened. >> gives you a sense o of the costs involved in very personal terms. >> still the white house says those across the board spending cuts and tax hikes will take effect if republicans fuse to raise taxes on the wealthiest americans. >>> one of the tea party movements favorite lawmakers is is leaving the senate. south carolina republican jim demint announced yesterday that he's cutting his term short to join the heritage foundation. he said he would not run for a third term in 2016. >>> we're going to get the november jobs report from the labor department. they expect the unemployment rate to hold steady at 7.9% but they think job creation was down substantially from october because of superstorm sandy. >>> apple fans, did you know all yo
. >>> they are looking for a plan to a void the fiscal cliff. congressmen were on capitol hill talking about a negative impact in the spending cuts kick in january 1st. president obama failed a visit to a northern virginia family -- had a visit to a northern virginia family that that would affect if that happened. >> gives you a sense o of the costs involved in very personal terms. >> still the white house says those across the board spending cuts and tax hikes will take...
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economists blame everything from sandy to worries over the fiscal i cliff. >> reporter: the fiscal cliff is still three weeks ago the economy may have already taken a hit economists predict the jobs report will show employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason, worry over the fiscal cliff may have also had an impact. some estimate at least 200,000 fewer jobs have been created this year, due to urn certainty about the fiscal cliff. -- >> reporter: >> the president: it is important we get this done now. >> reporter: in washington republicans and democrats are talking, no breakthrough locked in a stalemate. president obama demanding higher tax rates for the wealthy and permanent extension of the debt ceiling be part of a deal. >> he showed what is he is after is assuming unprecedented power without limit. >> reporter: republicans say they will only raise tax revenue in exchange for deep spending cuts. if washington can't strike a deal one casualty would be the end of compensation for long term unemployed, people like melinda worried. >>
economists blame everything from sandy to worries over the fiscal i cliff. >> reporter: the fiscal cliff is still three weeks ago the economy may have already taken a hit economists predict the jobs report will show employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason, worry over the fiscal cliff may have also had an impact. some estimate at least 200,000 fewer jobs have been created this year, due to urn certainty about the fiscal cliff. --...
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between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're looking at something more like 100,000 we think. not very good. >> tara mergener, thank you. you can apply for official federal assistance immediately. the deadline is this month for some workers. for more affirmation, call 288- 9050. >> 33 degrees at the airport. after some criticism, could apple be in sourcing its next big project? >> will you be putting fewer gifts under the christmas tree this year? >> a day that still lives in infamy. the anniversary of the attack on pearl harbor. >> scattered showers today. >> more and more motorists >> more and more motorists getting out on the area roads ♪ oh, what fun it is to ride... ♪ get in the holiday spirit with dunkin's peppermint mocha, new white chocolate, or gingerbread flavors today. america runs on dunkin'. >> we take a look outside. clatter skies. 42 degrees downtown. chillier when you get away from the airport. we have some rain fall approaching from the west. i have circled the city. shower activity is moving i
between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're looking at something more like 100,000 we think. not very good. >> tara mergener, thank you. you can apply for official federal assistance immediately. the deadline is this month for some workers. for more affirmation, call 288- 9050. >> 33 degrees at the airport. after some criticism, could apple be in sourcing its next big project? >> will you be putting fewer gifts under the...
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. >>> while the debate over the fiscal cliff dominates the headlines, the concern in washington is the middle class. >> the hardest most biggest segment of the population it is supposed to hit if this does happen. delia goncalves is live with more. >> reporter: good morning. absolutely. this is a very complicated issue that seems to just be boiling over without any real compromise, even though we saw some signs of promise a couple of weeks ago. another stalemate here on capitol hill. easily everyone agrees that middle-class families should be spared in this whole situation. they stand to see on average tax increases of $2,000 if congress doesn't take action. so everyone agrees let's spare middle-class families. the only thing that folks are disagreeing on are two other proposals that could possibly solve this fiscal crisis. the first proposal, democrats want to raise taxes on the wealthy 2%. but republicans favor tax reform instead. they say raising taxes on the wealthy could hurt business. the other solution, possible solution involves raising the debt ceiling. president obama advice
. >>> while the debate over the fiscal cliff dominates the headlines, the concern in washington is the middle class. >> the hardest most biggest segment of the population it is supposed to hit if this does happen. delia goncalves is live with more. >> reporter: good morning. absolutely. this is a very complicated issue that seems to just be boiling over without any real compromise, even though we saw some signs of promise a couple of weeks ago. another stalemate here on...
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fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our think tanks welt tell you ideal he is leaving and more. current news update, standing buy in los angeles lease a ferguson. hi, lease a. good morning. >> hey, bi. good morning, everyone. we are awaiting the jobs report this morning out in the next and we are expecting to hear 80,000 jobs created last month. >> that's less than half the jobs we saw in october, but economists are saying don't put too much weight on those numbers. the down turn in growth is likely thanks to hurricane sandy making it near impossible to tell whether hiring is getting better or worse
fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our...
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looking good. 25 days before we reach the fiscal cliff and we are hearing d.c. area think about prevent tax hikes and cuts in january. 57% of respondents in the new the president and congress will reach a deal. 78% said both sides should compromise but democrats are about a dealic than republicans. later this morning we will find out the impact the fiscal cliff debate and superstore and sandy had on the job market. today's america's money report. topping america's money -- today'she release of all-important november jobs t was note forecas good. e devastation by hurricane sandy had long been expected to disappointing number hires. but investors may shrug off the impact is temporary. college students in the federal loan repayment program are getting help. that is more affordable and favorable to .rouwer's goes into effect l invest $100 million production from some mac computers from china to the u.s. and brazil sells one more marathon. the first -- for the first time macy's stores will open 48 hours straight the giving before christmas, shoppers extra time lift t
looking good. 25 days before we reach the fiscal cliff and we are hearing d.c. area think about prevent tax hikes and cuts in january. 57% of respondents in the new the president and congress will reach a deal. 78% said both sides should compromise but democrats are about a dealic than republicans. later this morning we will find out the impact the fiscal cliff debate and superstore and sandy had on the job market. today's america's money report. topping america's money -- today'she release of...
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so the fiscal cliff is looming. there are a the lo of people who say the republicans need to stand together and if the president isn't gog deal fairly and offer up some spending cuts and talk about entitlement reform, the republicans need to be willing to hole hands and jump off the fiscal cliff with the president. are you ready? >> we would prefer that didn't happen. there are a lot of bad outcomes. you got a lot of analysis that's been done, ernst says if we go over the fiscal cliff or raise taxes it will cost us over 700,000 jobs, reduce economic growth, lower take home pay, all those things. that's a bad scenario. the president has made it very clear, tim geithner, his treasury secretary said a couple days ago, absolutely we're ready to go over the cliff. republicans don't think that's the solution. but i do think that if he gets what he wants, he gets higher taxes, he gets defense cuts, if we go over the cliff. so i don't think there is a lot of incentive on the president's part right now to be at the table to
so the fiscal cliff is looming. there are a the lo of people who say the republicans need to stand together and if the president isn't gog deal fairly and offer up some spending cuts and talk about entitlement reform, the republicans need to be willing to hole hands and jump off the fiscal cliff with the president. are you ready? >> we would prefer that didn't happen. there are a lot of bad outcomes. you got a lot of analysis that's been done, ernst says if we go over the fiscal cliff or...
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they're also concerned that the fiscal cliff is keeping jobs from hiring. vice president joe biden will have lunch with a group of middle class americans. their taxes could sky rocket if congress and president obama don't reach an agreement on a budget by the end of the year. the white house has highlighted several middle class families' struggles in making the case for a deal. >>> in syria tensioned at a boiling point between rebels and the government. syrian rebels have declared damascus international airport a military target, warning civilians and airlines not to approach it. this comes as reports of the government preparing to use chemical weapons on the civilians there. since march of 2011, 40,000 people have been killed in the country's civil war. >>> a u.s. capitol police officer is in the hospital this morning after being hit by a car. this happened around 8:30 last night around massachusetts avenue in northeast washington. we're told the officer was hit during a traffic stop. her condition has not been released. so far no charges have been filed a
they're also concerned that the fiscal cliff is keeping jobs from hiring. vice president joe biden will have lunch with a group of middle class americans. their taxes could sky rocket if congress and president obama don't reach an agreement on a budget by the end of the year. the white house has highlighted several middle class families' struggles in making the case for a deal. >>> in syria tensioned at a boiling point between rebels and the government. syrian rebels have declared...
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we're having all these discussions about the fiscal cliff. we need to start thinking about what are our priorities because that's what the budget decisions mean we have to make tough decisions about where to invest and we know from research, david brooks writes about this all the time, money spent early on has a much greater return on investment than trying to fix the problem down the road. >> you're a message guy and one decision has to be made, you can't just sell we have to help the children. >> yeah. >> it has to be one of those issues. they're all important. it doesn't get you anywhere. >> no, i agree. we're trying to get the people to get their attention. >> is it health care? is it poverty? >> well, part of the health care and portable care act. the real return on investment is early investment in pre-k, early education, nurturing, bonding with mothers, all that kind of early pre-k investment is where the real payoff comes. so that's where i think -- it's across the board and attention across the spectrum about kids, their health, educ
we're having all these discussions about the fiscal cliff. we need to start thinking about what are our priorities because that's what the budget decisions mean we have to make tough decisions about where to invest and we know from research, david brooks writes about this all the time, money spent early on has a much greater return on investment than trying to fix the problem down the road. >> you're a message guy and one decision has to be made, you can't just sell we have to help the...
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they're now blaming each other for stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of america. he does not want to burden them with the potential $2,000 a year hike in taxes. meanwhile, republican senator jim demint of south carolina among all -- in the midst of all the fiscal cliff talks and the pressure that's mounting here on capitol hill, well, the senator resigned the senate yesterday. he said he's going to head a conservative think tank claiming he can do more there than he can do here in congress. we'll have another report in a half-hour. back to you. >> delia goncalves with that june date from capitol hill. >>> local lawmakers are talking to 9news about the fis
they're now blaming each other for stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of...
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. >>> today we could see the impact, the threat the fiscal cliff is having on our economy, even before the end of the year, the labor department will release its november jobs report this morning. many economists believe fewer than 100,000 new jobs were created this month. that may be because companies are waiting to hire more companies until after the financial crisis is resolved. superstorm sandy likely had an impact on the unemployment rate economisted expect the unemployment rate to remain at 7.9%. >>> president obama says this northern virginia couple is proof that lawmakers must come to an agreement on a budget deal by the end of the year. he met with tiffany and richard santana yesterday. living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> we live with an extended family. we have two sets of adult incomes in our home. it would be more like a $4,000 tax increase for us, which would be relatively devastating for our family. i wanted to share that with the white house. i wasn't sure i was goin
. >>> today we could see the impact, the threat the fiscal cliff is having on our economy, even before the end of the year, the labor department will release its november jobs report this morning. many economists believe fewer than 100,000 new jobs were created this month. that may be because companies are waiting to hire more companies until after the financial crisis is resolved. superstorm sandy likely had an impact on the unemployment rate economisted expect the unemployment rate...
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the latest on the divided negotiations over the fiscal cliff. >> the latest on >> checking our top stories, the see will break ground on a project aimed at keeping a northwest neighborhood and dry. the bloomingdale neighborhood almost always has flooding with major rain storms. one part of the project will be done by 2014. the full plan will not be done until 2022. it will be tough to get around using the metro this weekend. portions of a read, green, and yellow lights will be shut down the track work. a man accused of murdering an arlington a jewelry store owner is expected in court today for a parole hearing. police say a man killed the jewelry store owner back in july. >> more are watching the crisis in syria. there are concerns that bashar assad will use chemical weapons -- there is evidence of the military using -- getting ready to use chemical weapons against the rebel forces. >> as the fighting in syria -- on a, secretary of defense leon panetta said that the latest intelligence raised serious concerns that the syrian president may turn chemical weapons on his own citizens. >> the w
the latest on the divided negotiations over the fiscal cliff. >> the latest on >> checking our top stories, the see will break ground on a project aimed at keeping a northwest neighborhood and dry. the bloomingdale neighborhood almost always has flooding with major rain storms. one part of the project will be done by 2014. the full plan will not be done until 2022. it will be tough to get around using the metro this weekend. portions of a read, green, and yellow lights will be shut...
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you can get alerts sent straight to your phone about all of our fiscal cliff notes by texting the cliff to 25543. >>> more than $2 billion, that is the staggering amount of money spent on the presidential campaign according on campaign finance records. that includes nearly $86 million in fund raising by mitt romney's campaign in the final weeks of the election. a good portion was used on media ads. >>> one of the senate's most outspoken conservatives jim demint is stepping down. he's giving up his senate seat to run the conservative heritage foundation. deminute has been an influential member of the tea party movement. his announcement could have repercussions not only in the senate but in republican primaries across the country. >>> egyptian president mohamed morsi is not backing down. demonstrators continue to protest his decision to declare his laws above judicial review. morsi addressed the nation thursday and refused to delay a referendum on the country's new constitution set for next week. >>> the united states is closely monitoring the syrian army. defense secretary leon panetta
you can get alerts sent straight to your phone about all of our fiscal cliff notes by texting the cliff to 25543. >>> more than $2 billion, that is the staggering amount of money spent on the presidential campaign according on campaign finance records. that includes nearly $86 million in fund raising by mitt romney's campaign in the final weeks of the election. a good portion was used on media ads. >>> one of the senate's most outspoken conservatives jim demint is stepping...
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. >>> today we could find out if concerns over the fiscal cliff are taking a toll on the unemployment rate. the labor department will release its november jobs report. economists expect the unemployment rate to remain at 7.9%. they believe the economy added fewer than 100,000 jobs last month. some think that that number could be fewer than 50,000. they say companies may be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that white house.gov was going to come and get a little more information about our story, and we really thought it was going to be that, just white house.gov
. >>> today we could find out if concerns over the fiscal cliff are taking a toll on the unemployment rate. the labor department will release its november jobs report. economists expect the unemployment rate to remain at 7.9%. they believe the economy added fewer than 100,000 jobs last month. some think that that number could be fewer than 50,000. they say companies may be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy...
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in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands arou
in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something...
SFGTV: San Francisco Government Television
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but right now, what we're projecting, if the fiscal cliff and the federal sequester were enacted as it is in law, it would be about $26 million, in additional impacts to the city, and that's everything from hiv and aids services, homeless, cdbg funds for our community development block grants, it's a wide range of programs affecting kind of all -- sort of the whole range of social and public safety services that the federao government invests in through this city. so those are the kinds of concerns. it's a significant risk, i think. and that is why we looked so hard at other sources of funds for this supplemental. >> so the total on that would be 30, 32, and we have 15 reserve against it. so it's a question back to my colleagues, why are we doing this right now with this pocket of money? again fully support this money that. but why are we pulling from state reserves bh when we know we're getting a cut in a month and upwards of 30 million that we don't have allocated right now. that would be my question to my colleagues. >> president chiu: supervisor campos. >> supervisor campos: thank
but right now, what we're projecting, if the fiscal cliff and the federal sequester were enacted as it is in law, it would be about $26 million, in additional impacts to the city, and that's everything from hiv and aids services, homeless, cdbg funds for our community development block grants, it's a wide range of programs affecting kind of all -- sort of the whole range of social and public safety services that the federao government invests in through this city. so those are the kinds of...
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now, i'm tired of hearing about the fiscal cliff. i think it's a cliche. and i submit to you mcguirk, that most americans have no idea what this story is about. >> i think a couple of things. but i think this is a conspiracy to kill right wing talk radio because this will make your ears bleed listening to these guys argue about it and be angry over it. but i would also say to the republics, obama won. it's like all this whining about that. i mean, they are like the japanese soldiers in the pacific after world war ii still fighting the battle way into the 1950s. he won. it's over and the fiscal cliff is either -- the taxes are going to go up on these rich people one way are 00 other. >> bill: they are going to go up on everybody. as howard dean said at the top of the program. the rich people are going to pay much more which is a good reason not to buy gutfeld's book because if you do he is going to have to pay more in taxes next year because that's when the royalties will come into him. everybody is going to have to pay more taxes because we're in such dire
now, i'm tired of hearing about the fiscal cliff. i think it's a cliche. and i submit to you mcguirk, that most americans have no idea what this story is about. >> i think a couple of things. but i think this is a conspiracy to kill right wing talk radio because this will make your ears bleed listening to these guys argue about it and be angry over it. but i would also say to the republics, obama won. it's like all this whining about that. i mean, they are like the japanese soldiers in...
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a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to my college chum grover norquist. i thought bill gates and chief justice roberts were powerful. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear market versus rising above. and guess what? these enemies of wealth and job creation may get their way and win. yes, to borrow a phrase from my own rant last time we were on the brink of a washington-inspired financial disaster, they know nothing. shawn in illinois. shawn? >> caller: hello, jim. >> what's up, chief? >> caller: booyah from chicago land. >> done. speak to me. >> caller: i've been watching blizzard for some time now, and i just heard a report that thei
a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to my college chum grover norquist. i thought bill gates and chief justice roberts were powerful. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that...
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but there was no outward sign of movement toward a fiscal cliff agreement. and egypt's president morsi insisted he would not let protesters overthrow his regime, after a night of violence that saw seven killed and hundreds injured. online we mark the passing of a great modernist architect. hari sreenivasan tells us more. >> sreenivasan: brazilian oscar niemeyer's buildings had a simple yet bold style. his designs left a mark on cities and architects worldwide. he died yesterday at the age of 104. we have a slideshow of his works in the capitol, brasilia and elsewhere. plus, paul solman takes viewers' questions about the pitfalls of investing in bonds. he explains in making sense. site newshour.pbs.org. >> brown: and that's the newshour for tonight. i'm jeffrey brown. >> woodruff: and i'm judy woodruff. we'll see you online. and again here tomorrow evening with mark shields and david brooks among others. thank you and good night. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and...
but there was no outward sign of movement toward a fiscal cliff agreement. and egypt's president morsi insisted he would not let protesters overthrow his regime, after a night of violence that saw seven killed and hundreds injured. online we mark the passing of a great modernist architect. hari sreenivasan tells us more. >> sreenivasan: brazilian oscar niemeyer's buildings had a simple yet bold style. his designs left a mark on cities and architects worldwide. he died yesterday at the age...